Because It Takes a Fixed Amount of Time to Consume

question 5

Multiple Choice

Because it takes a fixed amount of time to consume each of two goods and the amounts differ, one good is more ____________ than the other

• A) expensive
• B) delicious
• C) nutritious

Analyze the effects of fluctuations in the exchange and interest rates on the open-economy macroeconomic model.

Identify historical trends of U.S. economic indicators and their implications.

Understand the impact of interest rate changes on international asset transactions.

Explain the dynamics of surplus and deficits in the foreign exchange market and their effects on net exports.